Bonded copper futures are priced and settled in 

RMB. Overseas traders and overseas brokers may 

post margin in RMB or directly in USD, but USDdenominated margin can be used for clearing purposes 

only after it is exchanged into RMB.

For overseas traders and overseas brokers, the 

purchase and sale of RMB must be based on the actual 

results of their trades in bonded copper futures, and 

may only be performed for payments in connection 

with the trading of bonded copper futures, such as the 

settlement of profits and losses, payment of transaction 

fees, making or receiving of delivery payment, and 

deposit of additional cash funds for clearing purposes.

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